318 King St S 1408

FOR SALE
$739,900
318 King St S 1408, Downtown Toronto
318 King St S 1408
318 King St S 1408
318 King St S 1408
318 King St S 1408
318 King St S 1408
318 King St S 1408
318 King St S 1408
318 King St S 1408
318 King St S 1408
318 King St S 1408
318 King St S 1408
318 King St S 1408
318 King St S 1408
318 King St S 1408
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2
BEDROOMS
1
BATHROOMS
1
KITCHENS
5
ROOMS
C11982354
MLSID
Contact Us
Property Description
Welcome to urban living in the heart of Toronto's East Side at The King East. This Bright South facing condo offers 710 square feet of contemporary living space and large exterior balcony with south views of Lake Ontario. Located in one of Toronto's most vibrant neighborhoods(Corktown/Design District, steps to Distillery District). Enjoy exposed concrete ceilings, loads of natural light with floor-to-ceiling windows, stunning engineered hardwood floors with an open-concept layout, with gas cooking, stainless steel appliances. The bedroom offers plenty of storage and the spacious den is perfect for a home office or guest room. The bathroom has modern finishes and fixtures. 188 sq ft balcony with a gas BBQ line perfect for all-season grilling while enjoying the views of the city. Located steps away from shops restaurants, public transit (also across from future Ontario Line). Close to dog park. Downtown lifestyle with nearby access to DVP and Gardiner Expressway. Floorplan shown is a mirror image of the unit. Beautiful party room, visitor parking and guest suites available.
Nearby Intersections
Property Features
Park, Public Transit, Rec Centre, School
Property Details
Street
Community
Property Type
Condo Apt, Loft
Approximate Sq.Ft.
700-799
Taxes
$3,269 (2024)
Basement
None
Exterior
Brick Front
Heat Type
Heat Pump
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
Owned (C)
Garage Type
Underground
Downtown Toronto Market Statistics
Downtown Toronto Price Trend
318 King St S 1408 is a 2-bedroom 1-bathroom condo listed for sale at $739,900, which is $16,701 (2.2%) lower than the average sold price of $756,601 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto increased by $25,750 (3.5%) compared to the previous 30 day period (December 22 - January 20) and down $31,820 (4.0%) from the same time one year ago.
Inventory Change
There were 1,180 2-bedroom condos listed in Downtown Toronto over the last 30 days (January 21 - February 19), which is up 45.7% compared with the previous 30 day period (December 22 - January 20) and up 12.2% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($15,842) (2.1%) below asking price over the last 30 days (January 21 - February 19), which represents a $3,965 increase compared to the previous 30 day period (December 22 - January 20) and ($14,808) less than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 2-bedroom condos in Downtown Toronto over the last 30 days (January 21 - February 19) stood at 26.8%, down from 33.1% over the previous 30 days (December 22 - January 20) and down from 45.4% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 1-bathroom condo in Downtown Toronto stood at 32 days when successfully sold over the last 30 days (January 21 - February 19), compared to 73 days before being removed from the market upon being suspended or terminated.
Listing contracted with Chestnut Park Real Estate Limited
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